The pound got some breathing room versus the euro on Thursday (17 August), after the European Central Bank expressed concerns about the strength of the latter. Minutes from the European Central Bank's most recent monetary policy meeting, published earlier in the trading session, noted: "Concerns

The pound is looking "extremely undervalued" against the euro, economists at UBS Wealth Management said. Writing to clients on Wednesday, Dean Turner said that if investors were to look beyond the noise created by Brexit talks they would see that there is value in the UK's downtrodden

The euro's recent rise against sterling illustrates the diverging economic fortunes of Britain and the eurozone since the Brexit vote. The euro has been on a tear against both the pound and the dollar so far in 2017, as investors take note of the improving fortunes of the bloc's economy. Late